NewMarket Corporation
newmarket.comWhat Do They Do?
Manufactures and sells lubricant and fuel additives to oil companies and fuel marketers, and specialty materials for aerospace and defense applications to government agencies and contractors.
10-K for FY2025, filed Feb 12, 2026Petroleum Additives - Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and…View ↗
We offer a broad line of fuel additives worldwide and sell our products to major fuel marketers and refiners, as well as independent…View ↗
Specialty Materials - Our specialty materials segment is principally engaged in the production of both perchlorates, which include several…View ↗
We supply ammonium perchlorate for use in a number of defense and space launch programs of the U.S. and U.S. allies via U.S. government…View ↗
How Do They Make Money?
Customers buy petroleum additives, with sales occurring when products ship, are delivered, or are used under contract. Government agencies and contractors buy specialty materials, with sales occurring when products ship from the plant.
10-K for FY2025, filed Feb 12, 2026
-
10-K for FY2025, filed Feb 12, 2026
FY2025 revenue by reportable segment ↗
$2.7B
-
10-K for FY2025, filed Feb 12, 2026
$2.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Specialty Materials
Sold outright
|
6.7%
FY2022: 0.0%
|
Specialty Materials, FY2025
$182.5M Sources
|
Sold outright |
|
Petroleum Additives
Sold outright
10-K for FY2025, filed Feb 12, 2026 |
93%
FY2022: 100%
|
Petroleum Additives, FY2025
$2.5B Sources
|
Sold outright |
|
All Other
|
0.3%
FY2022: 0.4%
|
All Other, FY2025
$9.1M Sources
|
Who Are Their Customers?
Oil companies, independent blenders and fuel marketers buy petroleum additives; government agencies and contractors buy specialty materials for defense and space programs.
10-K for FY2025, filed Feb 12, 2026Petroleum Additives - Petroleum additives are used in lubricating oils and fuels to enhance their performance in machinery, vehicles, and…View ↗
We offer a broad line of fuel additives worldwide and sell our products to major fuel marketers and refiners, as well as independent…View ↗
We supply ammonium perchlorate for use in a number of defense and space launch programs of the U.S. and U.S. allies via U.S. government…View ↗
Customers of ammonium perchlorate primarily consist of rocket motor manufacturers supplying the U.S. Department of War and NASA programs…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 15 cents of every revenue dollar as net income in FY2025 and turned 18 cents into free cash flow.
10-K for FY2025, filed Feb 12, 2026
$543.7MView ↗
10-K for FY2025, filed Feb 12, 2026
$418.7MView ↗
10-K for FY2025, filed Feb 12, 2026
$491.3MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 30, 2026
$133.8MView ↗
- ▲ +20%
- vs $111.2M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
Growing. Revenue grew 16% in 4 years, from $2.4B in FY2021 to $2.7B in FY2025, about 4% a year.
Added specialty materials
The older report describes petroleum additives as the company's sole segment, while the latest also describes specialty materials, including perchlorates and hydrazine for aerospace and defense uses.
10-K for FY2022, filed Feb 15, 2023 10-K for FY2025, filed Feb 12, 2026Our business is composed of one segment, petroleum additives, which is primarily represented by Afton. The antiknock compounds business of…View ↗
Who Do They Compete With?
Competes with The Lubrizol, Infineum, Chevron Oronite, BASF, Innospec, Clariant, and Dorf Ketal
10-K for FY2025, filed Feb 12, 2026In the lubricant additives submarket, our major competitors are The Lubrizol Corporation (a wholly-owned subsidiary of Berkshire Hathaway…View ↗
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